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>>Institutional investors are indeed abandoning Bitcoin, and an analyst reveals who's on the losing side of the trade.

Institutional investors are indeed abandoning Bitcoin, and an analyst reveals who's on the losing side of the trade.

crypthub

about 6 hours ago

Market Sentiment

Bitcoin hovers just below $78,000, unable to break higher or fall sharply. The price action is flat, reflecting uncertainty and weak conviction among traders. Momentum that lifted the asset to $82,000 in May has stalled, leaving the market in a tight range.

Institutional Flow

US spot Bitcoin ETFs have seen net outflows of $1.74 billion in the last two weeks, reversing the institutional buying that drove the rally. The Coinbase premium, a direct gauge of US demand, plunged 948% over 90 days into negative territory. These two independent measures confirm that institutions are no longer adding Bitcoin.

On‑Chain Supply Dynamics

The exiting supply is flooding Binance, where BTC netflows are up 425% versus the 90‑day norm. Coins aged six to twelve months are moving 450% above historical levels, indicating profit‑taking by recent buyers. Meanwhile, retail traders face a 434% above‑average funding rate, paying a premium to stay leveraged long while buying power evaporates.

Technical Outlook

BTC remains above the 50‑day moving average near $75,000, the key short‑term support. The broader demand zone sits between $71,000 and $73,000, while the descending 200‑day average near $80,000 caps upside. A decisive break below $75,000 could trigger a pullback toward the $71,000 support range.